Stifel Nicolaus upgraded shares of Twitter from a sell rating to a hold rating and raised their target price for the stock from $12.00 to $17.00 in a report on Thursday, October 26th.
Twitter (NYSE TWTR) traded up $1.06 during mid-day trading on Monday, reaching $25.41. Vetr cut Twitter from a "strong-buy" rating to a "buy" rating and set a $19.82 price objective on the stock.in a report on Wednesday, October 4th. Finally, Morgan Stanley restated an "underweight" rating and issued a $10.00 price target on shares of Twitter in a report on Monday, October 2nd. BidaskClub upgraded shares of Twitter from a "hold" rating to a "buy" rating in a research note on Friday, September 15th. Twelve research analysts have rated the stock with a sell rating, twenty have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock.
The firm reiterated its Buy rating on TWTR and lifted its price target to $30 from $25. The company has a quick ratio of 10.40, a current ratio of 10.40 and a debt-to-equity ratio of 0.35. Twitter has a 12-month low of $14.12 and a 12-month high of $25.56. The firm has a market cap of $18,870.00, a PE ratio of -49.82, a P/E/G ratio of 11.70 and a beta of 1.11.
Twitter (NYSE:TWTR) last released its quarterly earnings data on Thursday, October 26th. The social networking company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $590.00 million during the quarter, compared to analyst estimates of $586.22 million. Twitter had a negative return on equity of 1.21% and a negative net margin of 15.08%. During the same quarter previous year, the business earned $0.09 earnings per share. During the same period a year ago, the company posted $0.09 earnings per share.
In related news, CAO Robert Kaiden sold 6,574 shares of Twitter stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $24.44, for a total transaction of $28,985.84. The stock was sold at an average price of $18.19, for a total value of $272,850.00. Following the sale, the director now directly owns 2,530,241 shares in the company, valued at $53,286,875.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 5,317,365 shares of company stock valued at $113,170,704 in the last ninety days.
Hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank lifted its stake in shares of Twitter by 21.3% in the 2nd quarter. Staley Capital Advisers Inc. acquired a new position in shares of Twitter in the 3rd quarter valued at about $173,000. Vanguard Group Inc. now owns 48,836,225 shares of the social networking company's stock worth $872,704,000 after buying an additional 2,838,459 shares during the last quarter. Balentine LLC increased its position in shares of Twitter by 86.6% during the third quarter. Balentine LLC now owns 6,822 shares of the social networking company's stock valued at $115,000 after purchasing an additional 3,167 shares in the last quarter. PA acquired a new position in shares of Twitter during the 2nd quarter valued at about $174,000. Malaga Cove Capital LLC acquired a new position in shares of Twitter during the 3rd quarter valued at about $154,000.
TRADEMARK VIOLATION WARNING: "Twitter (TWTR) Now Covered by Analysts at Summit Redstone" was originally posted by Week Herald and is owned by of Week Herald. If you are reading this piece of content on another publication, it was stolen and republished in violation of USA and worldwide trademark and copyright laws. The legal version of this report can be read at https://weekherald.com/2018/01/11/twitter-twtr-coverage-initiated-at-summit-redstone.html. The Company's products and services include Twitter, Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends. "The end result has been not just more users of the Twitter platform, but a far more engaged user base coming back more often on a daily basis and spending significantly more time on the platform each day (global DAU growth chart shown embedded to the right)". Periscope broadcasts can also be viewed through Twitter and on desktop or mobile Web browser.